Vietnam among rising stars of global trade: Standard Chartered
Vietnam has been named one of the rising stars of global trade with the sixth position among the top 20 markets with the greatest potential for future trade growth, according to a recent report by Standard Chartered.
Tra fish is processed for export at the factory of the Go Dang JSC in the My Tho Industrial Park of Tien Giang province (Photo: VNA)
Hanoi (VNA) – Vietnam has been named one of the rising stars of globaltrade with the sixth position among the top 20 markets with the greatestpotential for future trade growth, according to a recent report by StandardChartered.
With this ranking, the country is also the best performer among the ASEAN nations,the Trade20 index, which examined 66 economies, shows.
Standard Chartered said Vietnam shows the strongest progress in trade growthpotential of all the ASEAN markets in the report, driven by improvements to itstrade readiness and economic dynamism.
The market’s improving strength in trade readiness is attributed toinfrastructure enhancements and improvements to its ease of doing businessscore, while its economic dynamism is driven by healthy growth, particularly interms of export volumes.
According to the report, economic and political reforms over recent decadeshave spurred Vietnam’s economic growth, bolstered by strong domestic demand andmanufacturing-led export success. The market has solid foundations for growth:it is politically stable, well-located for global supply chains and has arelatively young population.
The government has built on these foundations, focusing on business reforms andderegulation, investing in human capital and infrastructure, and embracingtrade liberalisation, Standard Chartered noted.
It said Vietnam’s growth is likely to continue to be driven by FDI-ledmanufacturing and export growth. Rising tourism inflows and stronger domesticdemand, supported by higher wages, are also likely to sustain strong growth.
The banking group added amidst the ongoing US-China trade dispute, the countrymay also be well-placed to benefit if it can absorb demand diverted to otherlocations as suppliers relocate from China. It forecast FDI inflows will remainstrong in 2019 and 2020 to approximate 15 billion USD./.
The Vietnamese government’s commitment to broad-based economic reforms bodes well for the country’s longer term prospects and look to have it on the path to upper middle-income status, held Khoon Goh, head of Asia Research at Australia and New Zealand Banking Group Limited (ANZ).
Minister and Chairman of the Government Office Mai Tien Dung on October 2 affirmed that Vietnam has achieved the highest gross domestic product growth in the past nine years.
The medium-term outlook for the Vietnamese economy is broadly positive despite persistent downside risks, the World Bank (WB) said in its East Asia and Pacific Economic Update released on October 10.
Experts from the Vietnam Institute for Economic and Policy Research (VEPR) have forecast that economic growth will reach 7.26 percent for the fourth quarter and 7.05 percent for 2019, compared to 6.6 – 6.8 percent as assigned by the National Assembly.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Tra fish is processed for export at the factory of the Go Dang JSC in the My Tho Industrial Park of Tien Giang province (Photo: VNA) 
